First Eagle Investment Management LLC Makes New $1.17 Million Investment in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

First Eagle Investment Management LLC purchased a new stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 175,633 shares of the company’s stock, valued at approximately $1,170,000. First Eagle Investment Management LLC owned 0.33% of Concrete Pumping at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BBCP. SG Americas Securities LLC purchased a new position in Concrete Pumping during the 4th quarter worth approximately $81,000. Keybank National Association OH boosted its position in shares of Concrete Pumping by 14.6% in the fourth quarter. Keybank National Association OH now owns 29,085 shares of the company’s stock worth $194,000 after buying an additional 3,705 shares during the period. Barclays PLC grew its holdings in shares of Concrete Pumping by 82.6% during the third quarter. Barclays PLC now owns 51,560 shares of the company’s stock valued at $299,000 after buying an additional 23,329 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Concrete Pumping during the third quarter valued at $371,000. Finally, JPMorgan Chase & Co. lifted its stake in Concrete Pumping by 128.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,831 shares of the company’s stock worth $427,000 after acquiring an additional 41,524 shares in the last quarter. Hedge funds and other institutional investors own 34.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird cut their target price on shares of Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. DA Davidson cut their price target on Concrete Pumping from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.44.

Insider Activity

In other news, CEO Bruce F. Young bought 49,507 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the acquisition, the chief executive officer now directly owns 1,722,622 shares of the company’s stock, valued at $8,940,408.18. The trade was a 2.96 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 26.60% of the company’s stock.

Concrete Pumping Trading Up 3.3 %

Concrete Pumping stock opened at $5.64 on Monday. Concrete Pumping Holdings, Inc. has a one year low of $4.78 and a one year high of $9.68. The company’s fifty day moving average price is $7.31 and its two-hundred day moving average price is $6.52. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89. The company has a market capitalization of $298.94 million, a price-to-earnings ratio of 21.69 and a beta of 1.25.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Concrete Pumping had a return on equity of 6.19% and a net margin of 3.81%. On average, analysts forecast that Concrete Pumping Holdings, Inc. will post 0.43 earnings per share for the current fiscal year.

Concrete Pumping Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were given a $1.00 dividend. The ex-dividend date was Friday, January 24th.

Concrete Pumping Profile

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.